Press release No. 361 of 29 August 2022
WIESBADEN – The continuing high inflation in Germany again led to a decrease in real earnings in the second quarter of 2022. The index of nominal earnings was up 2.9% in the second quarter of 2022 on a year earlier according to provisional results of the new earnings survey but consumer prices rose 7.6% in the same period. The Federal Statistical Office (Destatis) reports that this is a decrease in real (price-adjusted) earnings of 4.4% after real earnings had fallen by 1.8% in the first quarter of 2022 year on year. Inflation thus more than offset the rise in nominal earnings also in the second quarter of 2022. The index of nominal earnings shows the development of gross monthly earnings of employees, including extra payments, while the index of real earnings provides information on the price adjusted development of earnings.
Basic data and long time series are available in table earnings survey (62361) in the GENESIS-Online database.
